HECM endorsements dropped -4.9% in May, with wholesale/brokers bearing a slightly larger share of the decline at -5.4% compared to retail/direct at -4.6%. There were some large declines for some top ten lenders, but as always there were winners too:
- Live Well grew volume 30% to 299 loans and their highest monthly total in over a year
- One Reverse bucked the trend as well, growing 18% to 518 loans and second overall ranking on the month
Outside the top ten lenders, several originators made their mark:
- FirstBank grew 22.7% to 54 loans (#11)
- High Tech grew 29.7% to 48 loans (#12)
- United Southwest aka All Reverse jumped 45.5% to 32 loans (#15)
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
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